Updated February 17, 2018 16:49

What do I need to do for my IRA contributions (Form 5498) when filing my taxes?

For any IRA accounts with contributions (deposits), you will receive a Form 5498 in late May. We will post this form under the "Documents" link at the top of your dashboard.

Form 5498 is for informational purposes only. You are not required to file it with your tax return.

This form is not posted until May because you can contribute to an IRA for the previous year through mid-April. This means you will have finished your taxes before you receive this form. If you need to know how much you contributed to any IRA you can login to your account, click your IRA to get to the single account dashboard and you'll see your yearly contribution information listed below your account graph.

Keep in mind that only Traditional IRA contributions (deposits) are relevant for your tax return, while Roth IRA contributions (deposits) are not.

Was this article helpful?

Nothing in this blog should be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security. Financial advisory services are only provided to investors who become Wealthfront Inc. clients pursuant to a written agreement, which investors are urged to read carefully, that is available at www.wealthfront.com. All securities involve risk and may result in some loss. For more information please visit www.wealthfront.com or see our Full Disclosure. While the data Wealthfront uses from third parties is believed to be reliable, Wealthfront does not guarantee the accuracy of the information.

Not finding what you are looking for?

Wealthfront Inc. is an SEC-registered investment advisor. Please see our Full Disclosure for important details.

By using this website, you understand the information being presented is provided for informational purposes only and agree to our Terms of Use and Privacy Policy. Wealthfront relies on information from various sources believed to be reliable, including clients and third parties, but cannot guarantee the accuracy and completeness of that information. Nothing in this communication should be construed as an offer, recommendation, or solicitation to buy or sell any security. Additionally, Wealthfront does not provide tax advice and investors are encouraged to consult with their personal tax advisors.

Wealthfront’s financial advisory and planning services, provided to investors who become clients pursuant to a written agreement, are designed to aid our clients in preparing for their financial futures and allow them to personalize their assumptions for their portfolios.

All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Historical returns, expected returns, and probability projections are provided for informational and illustrative purposes, and may not reflect actual future performance.